Network and general equilibrium effects of carbon taxes and deforestation
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | https://hdl.handle.net/10438/33120 |
Resumo: | We develop a multi-sector general equilibrium model, with intersectorial input–output linkages and CO2 emissions, to investigate the economic impacts of the implementation of a carbon taxation policy in an economy permeated by preexisting distorting taxes. The model is calibrated to Brazil and the carbon price is set so that the economy meets its annual global greenhouse gases emissions pledge for 2030 based on the Paris Agreement. In the presence of production networks, the initially concentrated tax shocks propagate throughout the economy, provoking widespread relative input price variations. Depending on the deforestation scenario, GDP losses range between 5.71% and 0.25%, the latter corresponding to the record low deforestation levels of 2012. Sectors are heterogeneously affected. As expected, those sectors more reliant on taxed pollutant resources (e.g., Energy and Transport) suffer sizable decreases in production. But a significant part of the impacts on sectorial production comes indirectly through network effects, even in the absence of new taxes levied on the sector’s product or its direct inputs. When Agriculture & Livestock are also taxed, GDP losses are considerably smaller. |
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Fernandes, Bernardo de BarrosFerreira, Pedro CavalcantiEscolas::EPGE2023-01-18T16:46:18Z2023-01-18T16:46:18Z2023-01https://hdl.handle.net/10438/33120We develop a multi-sector general equilibrium model, with intersectorial input–output linkages and CO2 emissions, to investigate the economic impacts of the implementation of a carbon taxation policy in an economy permeated by preexisting distorting taxes. The model is calibrated to Brazil and the carbon price is set so that the economy meets its annual global greenhouse gases emissions pledge for 2030 based on the Paris Agreement. In the presence of production networks, the initially concentrated tax shocks propagate throughout the economy, provoking widespread relative input price variations. Depending on the deforestation scenario, GDP losses range between 5.71% and 0.25%, the latter corresponding to the record low deforestation levels of 2012. Sectors are heterogeneously affected. As expected, those sectors more reliant on taxed pollutant resources (e.g., Energy and Transport) suffer sizable decreases in production. But a significant part of the impacts on sectorial production comes indirectly through network effects, even in the absence of new taxes levied on the sector’s product or its direct inputs. When Agriculture & Livestock are also taxed, GDP losses are considerably smaller.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;833Carbon taxInput-output linkagesClimate changeGreenhouse gasesImpostos de carbonoMudanças climáticasGases estufaNetwork and general equilibrium effects of carbon taxes and deforestationinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALfgv-epge-ensaio-economico-833.pdffgv-epge-ensaio-economico-833.pdfArtigo principalapplication/pdf1432443https://repositorio.fgv.br/bitstreams/e1b4589e-5b81-4ce9-89ad-03e6f28353ea/download58996d03cd77614423731a087f9e347dMD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.por.fl_str_mv |
Network and general equilibrium effects of carbon taxes and deforestation |
title |
Network and general equilibrium effects of carbon taxes and deforestation |
spellingShingle |
Network and general equilibrium effects of carbon taxes and deforestation Fernandes, Bernardo de Barros Carbon tax Input-output linkages Climate change Greenhouse gases Impostos de carbono Mudanças climáticas Gases estufa |
title_short |
Network and general equilibrium effects of carbon taxes and deforestation |
title_full |
Network and general equilibrium effects of carbon taxes and deforestation |
title_fullStr |
Network and general equilibrium effects of carbon taxes and deforestation |
title_full_unstemmed |
Network and general equilibrium effects of carbon taxes and deforestation |
title_sort |
Network and general equilibrium effects of carbon taxes and deforestation |
author |
Fernandes, Bernardo de Barros |
author_facet |
Fernandes, Bernardo de Barros Ferreira, Pedro Cavalcanti |
author_role |
author |
author2 |
Ferreira, Pedro Cavalcanti |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.author.fl_str_mv |
Fernandes, Bernardo de Barros Ferreira, Pedro Cavalcanti |
dc.subject.por.fl_str_mv |
Carbon tax Input-output linkages Climate change Greenhouse gases |
topic |
Carbon tax Input-output linkages Climate change Greenhouse gases Impostos de carbono Mudanças climáticas Gases estufa |
dc.subject.bibliodata.por.fl_str_mv |
Impostos de carbono Mudanças climáticas Gases estufa |
description |
We develop a multi-sector general equilibrium model, with intersectorial input–output linkages and CO2 emissions, to investigate the economic impacts of the implementation of a carbon taxation policy in an economy permeated by preexisting distorting taxes. The model is calibrated to Brazil and the carbon price is set so that the economy meets its annual global greenhouse gases emissions pledge for 2030 based on the Paris Agreement. In the presence of production networks, the initially concentrated tax shocks propagate throughout the economy, provoking widespread relative input price variations. Depending on the deforestation scenario, GDP losses range between 5.71% and 0.25%, the latter corresponding to the record low deforestation levels of 2012. Sectors are heterogeneously affected. As expected, those sectors more reliant on taxed pollutant resources (e.g., Energy and Transport) suffer sizable decreases in production. But a significant part of the impacts on sectorial production comes indirectly through network effects, even in the absence of new taxes levied on the sector’s product or its direct inputs. When Agriculture & Livestock are also taxed, GDP losses are considerably smaller. |
publishDate |
2023 |
dc.date.accessioned.fl_str_mv |
2023-01-18T16:46:18Z |
dc.date.available.fl_str_mv |
2023-01-18T16:46:18Z |
dc.date.issued.fl_str_mv |
2023-01 |
dc.type.status.fl_str_mv |
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info:eu-repo/semantics/article |
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https://hdl.handle.net/10438/33120 |
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https://hdl.handle.net/10438/33120 |
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eng |
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eng |
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Ensaios Econômicos;833 |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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